North American Free Trade Agreement Benefits Canada

The North American Free Trade Agreement (NAFTA) has boosted the US economy growth by introducing free trade with Mexico and Canada. Since, after the implementation of NAFTA in 1994, US have experienced several favourable outcomes. The imports and exports of agricultural goods, electronic equipment, machinery, automobiles, drugs, oil and minerals have been increased among the NAFTA countries thus giving rise to total profits. The agreement has also contributed in eliminating the unemployment in United States and has controlled inflation rates. NAFTA bloc has also created number of job opportunities in the country. Moreover, the consumer prices have been decreased and income levels of US citizens have been raised due to reduced tariffs and taxes. This paper will discuss the facts and figures since 1993 and show how United States has achieved benefits with NAFTA agreement.

NAFTA is the treaty that created the free-trading zone among the United States, Mexico, and Canada.

3.___ The North American Free Trade Agreement (NAFTA) is advantageous for Canada because manufacturing jobs have been sent to Mexico where labour is cheaper.

With trade increasing in Canada, on the one hand, it increases the demand for more people to do the work, which means that more people get a job and have more money to spend on goods that are imported from other countries. On the other hand, Canadian companies in different divisions from automotive, to energy, to agriculture(www.theglobeandmail.com) have to hire more people that are able to work because there are more products that should people to deal with between trade and with Canadian companies are becoming more profitable, it has more money to hire more people. For example, jobs are increased in the area of transportation in order to get the products to the stores. According to the fact, the agreement has helped produce over 1.8 million new jobs for Canadians at first 5 years of NAFTAs existence (www.nafta.ca). However, NAFTA makes huge damage for the Canadian automotive industry because with a stronger automotive union, every year will require higher wages, which slows process and makes it inflexible and expensive (www.international.gc.ca). Although NAFTA hurts the auto industry in Canada, it brings more benefits to Canada because it decrease the unemployment and improve the Canadian economy and condition of

Canada, Mexico and the United States were all involved in NAFTA, the North American Free Trade Agreement. This agreement had really helped improve Canada’s economy and raised the standards of living in Canada. NAFTA had also proved itself to be a solid foundation to building Canada’s prosperity which is good for Canada’s independence as well (North, 1). After the free trade agreement, there were many positive effects in the Canadian economy. John F. Kerry, an American politician had once said, “NAFTA recognizes the reality of today's economy - globalization and technology.”(John, 1) This agreement states that Canada is helping in globalizing the economy of not only America but Canada and Mexico as well. In this case, the agreement is improving and benefiting the Canadian economy very well which is great for Canada's independence. It shows that Canada can make its own decisions with other countries to benefit their own country in many ways economic wise as well as independence wise. This also shows that although Canada and America are important trading partners, it doesn't necessarily mean that one country is a step behind the other. It means that if they work together, they can benefit each other and help improve one another's growth as

NAFTA was established in 1992 and came into effect January 1st 1994. NAFTA was created to eliminate or reduce any tariffs between the three countries. It was formed to uphold greater trade between three countries "the increase in agricultural trade was doubled after the eight- to 12-year 'phase-in' period” (Grant, newswise). It promoted conditions of fair competitions, it also increased investment opportunities. NAFTA shows how free trade increases wealth and competitiveness,delivering real benefits to families, farmers, workers, manufacture and consumers. The impact of NAFTA on trade relations between Canada and the U.S. is more difficult to measure because the two countries had a free trade deal even before. NAFTA has helped boost agriculture flows between the two

The first reason why NAFTA has been beneficial to Canada is that it has allowed Canada to create more jobs and has also been a leading reason the unemployment rate is low in Canada. The creation and maintenance of jobs are advantageous to a country as it is a sign that more goods are being produced and traded. Jobs also keep Canadians prosperous and gives them the ability to support themselves. The introduction of free trade has opened up new job opportunities due to the security and accessibility to the American and Mexican markets. The newfound access to these markets allows for more goods to be traded and produced which means that more jobs are generated. Canadian businesses are now willing to expand their establishment also due to the

In 1994, the North American Free Trade Agreement (NAFTA) was enacted between two industrial countries and a yet still developing nation. This was an agreement that was the first of its kind due to the relationship that the countries had and the investment opportunities that it presented. The United States, Canada, and developing Mexico decided to work towards eliminating most tariffs and non-tariff barriers between the three in order to increase the flow of trade in goods and services. Since its enactment NAFTA has led to the providing of over 40 million more jobs throughout the countries, and it has also tripled merchandise trade between the three participants to an astounding $946 billion USD in 2008 (NAFTA Now). However even then it is still not very clear whether enacting NAFTA was worth the time and effort and in fact the United States may have been better off not having joined NAFTA.

The North American Free Trade Agreement, commonly known as the NAFTA, is a trade agreement between the United States, Canada and Mexico launched to enable North America to become more competitive in the global marketplace (Amadeo, 2011). The NAFTA is regarded as “one of the most successful trade agreements in history” for its impact on increases in agricultural trade and investment among the three contracting nations (North American Free Trade Agreement, 2011). Supporters and opponents of the NAFTA have argued the effects of the agreement on participating nations since its inception; yet, close examination proves that NAFTA has had a relatively positive impact on the economies of the United States, Canada, and Mexico.

The North American Free Trade Agreement or as its most commonly known NAFTA “is a comprehensive rules-based agreement between the United States, Canada, and Mexico”, that came into effect on January 1,1994. All three countries signed it in December of 1992; later on November of 1993 it was ratified by the United States congress. NAFTA was not only used in cutting down on tariffs between both countries but it also help deal with issues such as Transportation, Border Issues, and Environmental Issues between these two countries. NAFTA changed some tariffs immediately and within fifteen years other tariffs will fall to zero. NAFTA was not created to just lower tariffs it was also created to open protected sectors in agriculture, energy,

The North American Free Trade Agreement (NAFTA) facilitates the free flow of goods and services between Canada, The United States and Mexico. This allows ALPES to move into untapped markets in three countries rather than just its base country of Mexico. This would also increase profits substantially due to an increasing market demand.

Clearly NAFTA has led to widespread job loss, with more than 200,000 U.S. workers certified as NAFTA casualties under just one narrow government program. Since the 1970's, there has been a steady trickle of

     There are various trade agreements the United States have with many other countries and I will do a brief overview of a few of them. The most noticeable one is the North American Free Trade Agreement, which include the United States, Mexico, and Canada. This agreement was constructed and approved in January of 1992 and formed the largest free trade area. NAFTA eliminated and reduce tariffs and non-tariff barriers in addition to comprehensive provisions in the way trade was conducted between these countries.

barriers were eliminated within ten years of the Act. A national treatment for member countries was adopted to liberalize trade services and investments. Performance requirements were removed, and dispute mechanism for investment conflicts were created. Protectionist issues emerged regarding progress in eliminating anti-dumping policies and persistent administered protection frameworks.5NAFTA did not substantially liberalize trade amongst all three counties in the agreement and fell short of its high expectations but it has certainly been a beneficial liberalizing force overall for Canadians. The North American Free Trade Agreement has been beneficial for Canada due its strengthening of relations with the United States, and increasing economic growth in our nation.

It has been ten years since the signature of the NAFTA agreement among Canada, U.S., and Mexico. For Mexico, this was a decisive step away from a protectionism model toward a